Woldenberg Village

“Louisiana children's medical center (lcmc) acts as a system parent and it is the sole member of touro infirmary (parent of woldenberg village).”

“Louisiana children's medical center (lcmc) has the sole authority to appoint the board of woldenberg village.”

“Louisiana children's medical center (lcmc) reserved the power to approve the decisions of the board.”

“The organization engages an outside cpa firm to prepare the form 990. Upon completion of the final draft of the form 990, a copy of the draft is sent to members of the board of directors for their review and approval.”

“Annually, a list of officers, directors, trustees, and key employees is compiled by the lcmc corporate compliance department. Those identified individuals are sent a compliance questionnaire to identify the potential for any conflicts. Corporate compliance monitors responses and follows up with individuals as needed to ensure completion of the questionnaire. The results of these are reviewed by the lcmc health corporate compliance department to ensure that any conflicts are identified and addressed.”

“The organization relies on data from unrelated entities to determine the amount of compensation for its executives, and documentation is maintained regarding the determination of these amounts. The final decision regarding the amount of compensation is subject to the approval of the president of touro infirmary.”

“All governing documents, the conflict of interest policy, and financial statements are made available to the public upon request.”

“The organization utilizes lcmc health (ein: 94-3480131) , the system parent, as its designated common paymaster for payroll administration, wage reporting, and all employment tax compliance functions. As the system parent, lcmc health administers these compliance functions on behalf of the entire system. Accordingly, the 246 employees reported on part v, line 2a represent the number of forms w-2 filed by organization a, as common paymaster, on behalf of this organization for the reporting year.”

“Tijv, llc book/tax difference -78.”

“Lcmc's finance committee assumes responsibility for the oversight of its subsidiaries' (including touro) financial statements and selection of an independent auditor. This has not changed from the previous year. In addition to the lcmc finance committee, the touro finance committee has been delegated to assist with monitoring of the touro financial statements and its subsidiaries to included ccpi, woldenberg village, and the touro foundation.”